Karachi: The State Bank of Pakistan has released the latest figures regarding foreign exchange reserves. According to the report, Pakistan’s total foreign exchange reserves have reached $19.95 billion in the week ending July 11.
The State Bank says that there has been an increase of $23.4 million in central reserves, taking the reserves held by the State Bank to $14.52 billion. On the other hand, a decrease of $95 million was recorded in the reserves of commercial banks, after which their volume was reduced to $5.43 billion.
According to experts, an increase in central reserves can facilitate external payments, however, an analysis of the reasons for the decrease at the level of commercial banks is necessary.
